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Dreame’s global competitiveness lies in its self-developed core motor technology. After years of R&D, it launched the world’s first 250,000-rpm levitating high-speed motor in April 2026. Developed by a 100-member team over two years, the motor adopts aerospace-grade craftsmanship and five core breakthroughs, delivering 420AW strong steady suction, outperforming mainstream industry standards.

The new XT Combo, equipped with 92 self-developed technologies, provides full-scenario smart cleaning. It supports wet and dry dual cleaning, 70°C hot air drying with a 99.99% sterilization rate, AI dirt detection and automatic suction adjustment. Its foldable design and fully automatic base station enable 100 days of maintenance-free use.

Boasting strong product strength, Dreame saw robust global growth in 2026, with its April global sales up 63% month-on-month. Its sales in Australia surged 182% year-on-year in Q1. The Melbourne launch marks a key step for its Oceania market expansion, helping Chinese smart manufacturing gain greater global influence.

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The decision marks a sharp turn in a case that had weighed on the Adani Group’s global ambitions since November 2024, when prosecutors in Brooklyn accused Adani, his nephew Sagar Adani and other executives of concealing alleged payments to officials in India to secure power supply contracts. The case had centred on claims that investors in US-linked bond offerings were misled about anti-bribery controls at Adani Green Energy.

Prosecutors have asked a federal judge in New York to dismiss the criminal charges, citing enforcement discretion and resource allocation. The dismissal still requires judicial approval, but the move effectively signals that the Justice Department no longer intends to pursue the securities fraud, wire fraud and conspiracy counts against Adani and the other defendants covered by the request.

Adani Group has consistently denied wrongdoing, describing the allegations as baseless. The conglomerate said the development vindicated its position that it had acted in compliance with applicable laws and governance standards. The group’s listed companies gained in Mumbai trading as investors assessed the legal relief and its implications for overseas borrowing, infrastructure partnerships and expansion plans.

The original indictment alleged that more than $250 million in bribes had been promised to officials in India to obtain solar energy contracts projected to generate substantial profits over two decades. Prosecutors had also alleged that Adani Green Energy raised capital from international investors while withholding information about the alleged scheme. Defence lawyers challenged the case on both evidentiary and jurisdictional grounds, arguing that the alleged conduct had insufficient connection to US markets and that key elements of the government’s theory were unsupported.

The Justice Department’s move follows a separate civil settlement with the US Securities and Exchange Commission involving Gautam Adani and Sagar Adani. The settlement was reached without admission or denial of wrongdoing and included monetary penalties and undertakings. A separate sanctions-related matter involving Adani Enterprises was also resolved through a civil settlement with the US Treasury Department over alleged purchases of fuel linked to Iran-origin supply chains.

The legal shift comes as Adani Group seeks to restore full access to global capital markets after a turbulent period that included short-seller allegations in 2023, regulatory scrutiny and questions from lenders and partners. The group has maintained that its balance sheet remains resilient, pointing to continued operations across ports, airports, electricity transmission, renewable energy, cement, logistics and data centres.

The criminal case had created reputational and commercial strain beyond the courtroom. Some international partners reviewed contracts, and projects outside India faced heightened scrutiny after the indictment. Kenya cancelled major deals linked to Adani entities, while other governments and financiers reassessed exposure to the group. The dropping of criminal charges could ease some of that pressure, although investors are likely to continue watching governance disclosures, leverage levels and regulatory filings.

Adani’s legal relief also intersects with broader US enforcement policy under President Donald Trump’s administration, which has shown a more selective approach toward certain foreign corruption and corporate cases inherited from the previous administration. The decision has prompted debate among legal specialists over whether the move reflects a reassessment of weak evidence, a shift in enforcement priorities, or the diplomatic and commercial weight of large cross-border investment plans.

For Adani, the immediate benefit is clear. The collapse of the criminal case removes the most serious legal threat facing the billionaire outside India and reduces the risk of travel restrictions, arrest proceedings or prolonged litigation in a US federal court. It may also strengthen the group’s ability to refinance debt and pursue infrastructure partnerships involving American investors and technology providers.

The event comes amid renewed momentum for New Zealand’s Active Investor Plus (AIP) Visa, following changes introduced in April 2025 to simplify the program and attract more international capital into the New Zealand economy. As of 5 May 2026, Immigration New Zealand had received 688 applications under the new settings, representing a potential total minimum investment of $4.015 billion.

The growing demand reflects a broader shift in global wealth movement, as high-net-worth individuals increasingly seek jurisdictions that offer political stability, transparent governance, quality of life and long-term optionality for their families and capital. For many investors, New Zealand’s appeal lies not only in residency access, but also in the opportunity to participate in investments that support business growth, innovation and economic resilience.

Mr Scott Wehl, Founder of RAM Group and Director of RAM New Zealand, said the Hong Kong briefing provided an important forum for partners and investors to better understand the investment and migration opportunities available through the AIP programme.

“New Zealand continues to attract strong interest from global investors seeking stability, transparency and long-term opportunity,” said Mr Wehl.

“Our Hong Kong briefing was designed to help partners and investors better understand the opportunities that the AIP program offers, and how RAM’s income-focused strategies can support both investor objectives and the broader New Zealand economy.”

Supporting New Zealand’s real economy through private credit

A key focus of the briefing was the role private credit can play in supporting New Zealand’s real economy. Private credit can help broaden the country’s business funding ecosystem by providing an additional source of secured, non-bank capital for businesses seeking funding for growth, working capital, expansion or other productive business needs.

The RAM New Zealand Credit Fund is an approved managed fund under the AIP Growth category and may also be included as part of a Balanced category investment portfolio. The Fund is designed to provide investors with consistent income and capital stability through exposure to secured, asset-backed credit investments in New Zealand.

Through this strategy, RAM seeks to direct offshore investor capital into productive domestic investment while maintaining a disciplined focus on risk management, downside protection and portfolio diversification.

“The RAM New Zealand Credit Fund provides an AIP-aligned investment pathway focused on secured, asset-backed New Zealand credit,” said Mr Wehl.

“For investors, the Fund is designed to deliver regular income and capital stability, with liquidity aligned to AIP investment timeframes. For New Zealand, the strategy can support the real economy by directing offshore investor capital into domestic private credit and helping provide secured lending to New Zealand businesses.”

RAM’s credit approach is centred on disciplined credit selection and robust portfolio construction. The firm’s New Zealand credit capability is supported by a highly experienced team with more than 200 years of combined credit market experience, guided by leading credit experts and senior leaders with deep knowledge of New Zealand’s financial markets.

“Our approach is grounded in strong governance, prudent credit assessment and a clear focus on capital preservation, which is particularly important for investors seeking stable, income-focused outcomes across market cycles,” said Mr Wehl.

In addition to the RAM New Zealand Credit Fund, RAM also offers the RAM New Zealand Bond Fund, which may be included as part of a Balanced category investment portfolio. The Fund invests in a portfolio of floating-rate, investment-grade bonds issued by established banks and New Zealand entities, and is designed to prioritise capital stability while generating regular income.

With a long-term commitment to New Zealand, RAM will continue to leverage its international presence, investment capability and experience in income-focused strategies to support global investors and contribute to the continued development and diversification of New Zealand’s capital markets.

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About Real Asset Management

Real Asset Management (RAM) is an alternative asset manager, providing investment solutions in Credit, Real Estate, and Private Equity markets, for institutions and wealthy families globally. RAM was founded in 2010 and has a pan-Asia presence of 7 offices in Auckland, Sydney, Melbourne, Brisbane, Shanghai, Hong Kong and Manila.

RAM provides more than 25 investment strategies and has a team of over 230 finance professionals managing over NZ$9.8bn in assets. RAM is registered as a financial services provider in New Zealand (FSP1011247). We also provide a global set of investment solutions through our group companies licensed by the Australian Securities and Investments Commission (AFSL 484263), and the Securities & Futures Commission of Hong Kong (CE BGL803).

For more information about RAM New Zealand, please visit https://ramgroup.co.nz/

At the close of the nomination period for the 2026 season, the VinFuture Prize, a global science and technology prize recorded 1,819 nominations from around the world, supported by a network of more than 17,000 nominators spanning 117 countries and territories.

HANOI, VIETNAM – Media OutReach Newswire – 18 May 2026 – After six seasons, the VinFuture Prize has not only expanded its influence in the international scientific community, but has also affirmed its position as a prestigious global prize dedicated to identifying and honoring breakthroughs with profound significance for the future of humanity.

A Global Network Bringing Together More Than 17,000 Outstanding Minds

This year’s VinFuture nominations span a wide range of critical fields, including medicine and healthcare (38.4%), environmental and earth sciences (17%), energy, transportation, and construction (15%), food and agriculture (10.6%), as well as other scientific and technological disciplines (19%).

At the same time, the official nominator network of the VinFuture Prize has continued to expand substantially, reaching 17,154 nominators from 117 countries and territories across all five continents. This represents an increase of approximately 16% compared with the 2025 season and a more than fourteenfold expansion compared with the inaugural season in 2021. Moreover, the number of countries and territories represented within the nominator network has nearly doubled over the past six years.

Notably, 1,415 nominators for the 2026 VinFuture Prize are ranked among the world’s top 2% most-cited researchers. Nearly 8,000 experts are affiliated with leading universities, research institutes, and scientific organizations worldwide, including Australian Academy of Science, Massachusetts Institute of Technology (United States), Stanford University (United States), Harvard University (United States), University of California, Berkeley (United States), University of Oxford (United Kingdom), National University of Singapore (Singapore), Nanyang Technological University (Singapore), and Weizmann Institute of Science (Israel), among others.

Participating on a voluntary basis, these nominators play a vital role in identifying and recommending outstanding scientific innovations capable of generating meaningful and lasting improvements to the lives of billions of people worldwide. They also contribute significantly to extending the global reach of the VinFuture Prize within the international scientific community and promoting cross-border academic connections. Several distinguished nominators have traveled to Vietnam during the 2024 and 2025 VinFuture Sci-Tech Weeks to connect and exchange knowledge directly with the Vietnamese scientific community.

“The continued growth in both the number of nominations and our network of more than 17,000 nominators reflects the increasing confidence that leading scientists and prestigious institutions around the world place in VinFuture Prize and its mission to identify and honor scientific and technological innovations with meaningful impact on humanity. This momentum also reinforces our commitment to upholding rigorous and transparent evaluation standards, while advancing a long-term vision of connecting global intellect in pursuit of a better future for all,” said Dr. Thai-Ha Le, Managing Director of the VinFuture Foundation.

Following the conclusion of the nomination period, the Pre-Screening Committee will begin the process of evaluating and selecting the most outstanding scientific works for consideration by the VinFuture Prize Council in the final judging round, which is expected to continue through early September 2026. All nominations will undergo a rigorous multi-layer evaluation process based on stringent international standards to ensure the highest levels of scientific integrity, fairness, and transparency.

The core evaluation criteria include the degree of scientific and technological advancement, the potential for meaningful impact on human life, as well as the scale and long-term sustainability of the proposed innovations.

Vietnam’s Growing Imprint on the Global Innovation Map

After six seasons, the VinFuture Prize has firmly established its reputation and standing within the global science and technology landscape. Several VinFuture Laureates have subsequently been honored by some of the world’s most prestigious scientific awards, including the Nobel Prize, the Queen Elizabeth Prize for Engineering, and the Breakthrough Prize, demonstrating VinFuture’s ability to recognize, at an early stage, innovations with foundational significance for the future of humanity.

Notable examples include Prof. Omar Yaghi (2021 VinFuture Special Prize; 2025 Nobel Prize in Chemistry); Dr. Katalin Karikó and Prof. Drew Weissman (2021 VinFuture Grand Prize; 2023 Nobel Prize in Physiology or Medicine); Drs. Demis Hassabis and John Jumper (2022 VinFuture Special Prize; 2024 Nobel Prize in Chemistry); Prof. Geoffrey Hinton (2024 VinFuture Grand Prize; 2024 Nobel Prize in Physics); as well as Prof. Yoshua Bengio, Prof. Yann LeCun, Prof. Geoffrey Hinton, Mr. Jensen Huang, and Prof. Fei-Fei Li (2024 VinFuture Grand Prize; 2025 Queen Elizabeth Prize for Engineering). Additional examples include Prof. Daniel Drucker, Prof. Joel Habener, Prof. Jens Juul Holst, and Assoc. Prof. Svetlana Mojsov (2023 VinFuture Special Prize), who later received the 2025 Breakthrough Prize.

Beyond recognizing transformative scientific achievements, VinFuture has become a point of convergence for knowledge, collaboration, and the aspiration to serve humanity. Over the course of six seasons, VinFuture has contributed to shaping a more open, connected, and inspiring scientific ecosystem, while positioning Vietnam as an increasingly important destination on the global innovation map.

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State Administration for Market Regulation said the agenda would focus on removing market barriers, promoting a unified national market, improving law enforcement practices and curbing destructive price wars that have weighed on corporate margins. The measures form part of a broader policy push to reassure entrepreneurs after years of regulatory tightening, weak domestic demand, a property downturn and intense competition across technology, retail and manufacturing.

Private firms remain central to China’s economic model, accounting for more than half of tax revenue, over 60 per cent of economic output, about 70 per cent of technological innovation, more than 80 per cent of urban employment and the bulk of registered enterprises. Beijing’s latest move signals that policymakers see the sector as essential to stabilising growth, sustaining jobs and advancing innovation under the 2026–2030 development blueprint.

The 34-point programme places particular emphasis on equal treatment for private and state-backed enterprises. Regulators are expected to expand checks on local protectionism, discriminatory procurement rules, hidden entry restrictions and administrative practices that prevent companies from competing across provincial borders. The objective is to make China’s internal market function more like a single national marketplace rather than a patchwork of local systems shaped by regional preferences.

Fair competition has become a sharper policy concern as price wars spread across food delivery, electric vehicles, e-commerce and consumer services. Authorities have described extreme discounting and subsidy battles as “involution-style” competition, a term used in China to describe intense rivalry that consumes resources without producing sustainable gains. Regulators are now seeking to distinguish legitimate competition from practices that damage suppliers, workers and smaller rivals.

The plan also strengthens the legal dimension of private sector support. It follows the Private Economy Promotion Law, which came into force in May 2025 and formally placed protections for private business within the legal system. That law sought to address long-standing complaints over unequal access to finance, arbitrary penalties, delayed government payments, inconsistent enforcement and barriers to participation in infrastructure and public procurement.

Beijing is under pressure to show that those commitments can be enforced beyond policy slogans. Private entrepreneurs have frequently complained that local officials apply rules unevenly, with smaller companies facing heavier compliance burdens than larger state-linked groups. The latest regulatory agenda calls for more standardised enforcement, fewer unnecessary inspections and better coordination among agencies, reducing the risk that overlapping regulatory demands disrupt business operations.

The emphasis on efficient regulation also reflects a change in tone after the sweeping crackdowns that reshaped China’s platform economy from 2020 onwards. Internet groups, education providers, fintech companies and delivery platforms faced tighter controls, large fines and abrupt policy shifts, weakening investor sentiment. Although authorities continue to insist that capital must operate within defined boundaries, the current message is more focused on predictability, confidence and growth.

Financial support remains another pillar of the wider policy framework. China has encouraged banks and financial institutions to increase lending to private firms, particularly in advanced manufacturing, artificial intelligence, green technology, biotechnology and other strategic sectors. Large banks have announced multi-year financing pledges for the private economy, while policymakers have called for broader fundraising channels and lower financing costs for smaller enterprises.

The regulatory agenda fits into China’s 2026 economic strategy, which prioritises stable growth, stronger domestic demand, technological self-reliance and risk control. The government has set a growth target range of 4.5 to 5 per cent for 2026, lower than earlier expansion rates but still demanding at a time of weak household confidence, subdued inflation and pressure from external trade frictions.

Private firms are especially important in technology and advanced manufacturing, where China is seeking to reduce reliance on foreign supply chains. Companies such as Huawei, BYD, CATL, Tencent and Alibaba remain closely watched as indicators of the relationship between the state and enterprise sector. Beijing’s message to these firms is twofold: innovation is encouraged, but expansion must align with national priorities and regulatory boundaries.

Foreign investors will watch whether the new priorities translate into measurable changes. China has pledged to widen market access and improve the business environment, but concerns remain over data rules, cross-border flows, procurement access, security reviews and policy transparency. For multinational companies and domestic entrepreneurs alike, the credibility of the 34-point programme will depend on implementation by local authorities as much as central-level messaging.

The market regulator’s plan also gives Beijing a mechanism to address deflationary pressures caused by excessive competition. Food delivery platforms, online retailers and electric vehicle producers have all faced pressure from aggressive pricing campaigns. While consumers may benefit from lower prices, sustained discount battles can weaken profitability, reduce wages across supply chains and discourage investment in quality improvements.

The measure, effective from 16 May for three months, applies to selected motor vehicles including passenger cars, jeeps, vans, buses, goods transport vehicles, ambulances, electric vehicles and hybrids. Vehicles for which letters of credit were opened on or before 15 May are exempt, limiting the immediate disruption for importers who had already committed payments before the order took effect.

The surcharge is levied on the applicable customs import duty, rather than directly on the total value of a vehicle. For many private vehicles, the customs import duty had stood at 30 per cent, meaning the added surcharge raises that component to 45 per cent. Other taxes and levies, including excise duties, value-added tax and sector-specific charges, mean the final tax burden on imported cars can be far higher than the headline customs duty figure.

Deputy Finance Minister Anil Jayantha Fernando said the step was designed to encourage buyers to delay vehicle imports rather than halt the trade outright. He said the government was responding to a sharp rise in import expenditure and added pressure on foreign reserves. “Given the current pressure on foreign exchange, we want people to delay their imports by three months,” he told reporters in Colombo.

The decision marks a swift policy adjustment by President Anura Kumara Dissanayake’s administration as Sri Lanka attempts to balance consumer demand, revenue needs and currency stability after years of severe economic strain. Vehicle imports were heavily restricted after the island’s 2022 financial collapse, when the country ran short of foreign exchange and struggled to pay for fuel, food and medicines. The gradual reopening of imports was seen as a sign of economic normalisation, but it has also revived concerns about the pressure placed on the balance of payments.

Sri Lanka remains dependent on imported fuel, leaving the economy exposed to swings in global crude prices. Tensions across the Middle East have pushed energy costs higher, forcing authorities to reassess import priorities. Fuel prices have already climbed sharply this year, adding to the cost of transport, electricity generation and logistics. The government is trying to prevent higher oil bills from draining reserves at a time when the country remains under a $2.9 billion International Monetary Fund programme.

The rupee has weakened against the US dollar this year, with official figures showing a fall of about 4.5 per cent since January. Central Bank Governor Nandalal Weerasinghe has warned lawmakers that the currency could remain under pressure unless global oil prices ease or the country reduces energy imports. That warning sharpened the policy case for curbing non-essential import demand, particularly in high-value categories such as vehicles.

Vehicle importers and consumers are likely to face a tougher market over the next quarter. The surcharge may delay purchases, reduce showroom availability and raise prices for buyers who choose to proceed. Importers with confirmed letters of credit before the cut-off date may have a temporary advantage, while new buyers could defer orders until the surcharge expires, provided the government does not extend it.

The policy also carries revenue implications. Vehicle imports are a lucrative source of tax income, and Sri Lanka has relied on trade-related levies to support public finances during its recovery. A surcharge may increase tax collected on each imported vehicle, but lower import volumes could offset that gain if buyers hold back. The government’s calculation appears to prioritise currency defence and reserve management over short-term market expansion.